Africa

VALORE EL THAWRA PROJECT LAUNCHED IN EGYPT

Posted on by Gambeta News
VALORE EL THAWRA PROJECT LAUNCHED IN EGYPT

El Riyad Castle Development launched the Valore El-Thawra project in an event that was attended by the company’s founder, Member of the House of Representatives Ahmed Abdel Mageed, along with several officials and community celebrities. Tarek Eid — a Member of the Board of El Riyad Castle Development — stated that the Valore El-Thawra spans 28,800 sqm and comprises residential, administrative, and commercial units, along with serviced apartments and entertainment properties located in the best…

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ZIMBABWE MINISTER SAYS ELECTRICITY CRISIS TO AFFECT CHRISTMAS SEASON

Posted on by Gambeta News
ZIMBABWE MINISTER SAYS ELECTRICITY CRISIS TO AFFECT CHRISTMAS SEASON

Energy minister Soda Zhemu has said the nation is embroiled in a funding crisis that has made it impossible to swiftly ease the ongoing power blackouts. Speaking to the media on the current power crisis, Zhemu said the current average daily demand is around 1600 megawatts against a total available capacity, which is between 1250 and 1350 from both internal sources and imports. “The government is intervening. This is a crisis and we hope through…

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PCC SAYS SOUTH AFRICA NEEDS R1.5M TO TRANSFORM ENERGY SECTOR

Posted on by Gambeta News
PCC SAYS SOUTH AFRICA NEEDS R1.5M TO TRANSFORM ENERGY SECTOR

South Africa requires an initial funding of about R1.5 trillion to transition to a low carbon and climate resilient society for the five years 2023-2027, says Presidential Climate Commission (PCC) Commissioner Joanne Yawitch. Addressing a hybrid Special Sitting on Understanding the contents of South Africa’s Just Energy Transition Investment Plan (JET-IP), Yawitch said achieving the JET IP outcomes is dependent on the scale and nature of financial support that South Africa can secure from the…

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SONANGOL BEGINS CONSTRUCTION OF SECOND TANKER IN ANGOLA

Posted on by Gambeta News
SONANGOL BEGINS CONSTRUCTION OF SECOND TANKER IN ANGOLA

National Oil Company Sonangol has started construction of the second oil tanker to strengthen its fleet. In its press note, the company informs that the start of construction of the second ship was formalised in Mokpo city, South Korea, with the traditional steel cutting ceremony for hull 8021, the second Suezmax type ship of the project. The construction of the ship is in charge of Hyundai Samho Heavy Industries (HSHI), the report said. At the…

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STAKEHOLDERS RAISED CONCERN OVER INSECURITY IN NIGERIA TRANSPORTATION SECTOR

Posted on by Gambeta News
STAKEHOLDERS RAISED CONCERN OVER INSECURITY IN NIGERIA TRANSPORTATION SECTOR

Stakeholders in Nigeria’s transportation industry have raised concerns over the growing security challenges in the sector while calling for urgent intervention to save it from collapse. Speaking at the on-going 4th edition of the National Transport Summit of the Chartered Institute of Transport Administration of Nigeria, CIOTA, chairman of the event Chief Julius Adelusi Adeluyi, said that said the transportation modes in  Nigeria has been altered following the invasion of the transport space by criminals across…

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QATAR GOVT. MAKING PLANS TO FINANCE LOFA ROAD CONSTRUCTION IN LIBERIA

Posted on by Gambeta News
QATAR GOVT. MAKING PLANS TO FINANCE LOFA ROAD CONSTRUCTION IN LIBERIA

As part of efforts to curtail the mountainous constraints confronting the over 300,000 residents in northern Liberia due to bad road conditions, the Emir of the Gulf state, in Qatar, Tamin Bin Hamad Al Thani, has committed to providing additional funding for the second phase of pavement of the Gbarnga-Mendikorma Highway (Lofa Road) project. Since 1964, Lofa, which is considered the “bread basket” of Liberia has suffered from the deplorable nature of its road. Before…

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PORT OF MAPUTO BEGINS MAINTENANCE IN MOZAMBIQUE

Posted on by Gambeta News
PORT OF MAPUTO BEGINS MAINTENANCE IN MOZAMBIQUE

The hopper dredger ‘Ilembe’, owned by the South African Transnet National Ports Authority (TNPA), has just arrived in the Mozambican capital to resume dredging in the Port of Maputo access channel, from which it is expected to remove 550,000 cubic meters of sediment. Ilembe is in Maputo to carry out maintenance dredging of the access channel to the ports of Maputo and Matola. The job, which will cover the areas of Polana, Xefina, and the…

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BOL DREAMS BIG ABOUT COAL TO LIQUID PROJECT IN BOTSWANA

Posted on by Gambeta News
BOL DREAMS BIG ABOUT COAL TO LIQUID PROJECT IN BOTSWANA

Botswana Oil Limited (BOL) is dreaming big with their Ikaegeng Coal to Liquids Project, an undertaking they hope will create 30, 000 temporary jobs. Construction of the mine and production plant is not scheduled until mid-2025 and will take four years to complete. Set to cost between US$ 3-4 billion, the project seeks to make the most of Botswana’s untapped coal reserves, estimated to sit at around estimated 212 billion tonnes. The aim is to…

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EUROPEAN UNION TO SIGN MoU WITH MOROCCO TO ACCELERATE ENERGY TRANSITION

Posted on by Gambeta News
EUROPEAN UNION TO SIGN MoU WITH MOROCCO TO ACCELERATE ENERGY TRANSITION

The European Union has reported plans to sign a memorandum of understanding (MoU) with Morocco on the supply of critical raw materials to accelerate the energy transition.  A recent report on the Africa-EU Green Energy Initiative that is part of the Global Gateway Investment Package noted that the union has signed an MoU on critical raw materials with Namibia on the sidelines of COP 27 in Egypt. Other signings with Morocco, Uganda, South Africa, Rwanda, Senegal, Zambia,…

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KENYA PRESIDENT TO INVEST Sh40BILLION IN TECHNOLOGIES TO BOOST AGRICULTURE

Posted on by Gambeta News
KENYA PRESIDENT TO INVEST Sh40BILLION IN TECHNOLOGIES TO BOOST AGRICULTURE

President William Ruto has pledged to invest Sh40 billion in the digital superhighway to facilitate broadband connectivity across the country and in turn boost agriculture. The government, he said, plans to create an additional 100,000 kilometres of last-mile fibre optic network across the country. The digital superhighway is expected to boost the transformation of agriculture, Micro, Small and Medium Sized Enterprises (MSMEs), health and fintech. Speaking at the opening of the Twiga Foods distribution facility…

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FOURTH MAINLAND BRIDGE CONSTRUCTION SHORTLIST THREE BIDDERS IN NIGERIA

Posted on by Gambeta News
FOURTH MAINLAND BRIDGE CONSTRUCTION SHORTLIST THREE BIDDERS IN NIGERIA

The Lagos State Government, through the Office of Public-Private Partnerships, PPP, weekend, said it has shortlisted three bidders for the construction of the US$2.5 billion Fourth Mainland Bridge project in Lagos. The Special Adviser to the Governor on PPP, Mr. Ope George, while briefing newsmen in Ikeja, stated that the three bidders shortlisted for the Request For Proposal, RFP Stage II are: Mota-Engil (Nigeria and Africa) CCCC and CRBC consort; CGGC-CGC Joint Venture and CCECC and…

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ROAD CONSTRUCTION TO BEGIN FOR BALI ISLAND ACCESS IN LIBERIA

Posted on by Gambeta News
ROAD CONSTRUCTION TO BEGIN FOR BALI ISLAND ACCESS IN LIBERIA

The access road corridor from Battery Factory to Bali Island in Central Monrovia has commenced, Public Works Minister Ruth-Coker-Collins. The Works Minister and engineers from the Ministry toured the road. The 3.34-kilometers road when completed will give immediate access for the subsequent construction of the Bali Island project. It will give a modern face-lift to the area. In late December 2018, President Weah signed into law an Act passed by the Legislature, naming Bali Island…

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HSWU TO CONSTRUCT OFFICE COMPLEX IN GHANA

Posted on by Gambeta News
HSWU TO CONSTRUCT OFFICE COMPLEX IN GHANA

Health Service Workers Union (HSWU) in the Western Region is set to construct a GH¢4 million office complex near Twin City Radio at Effia Nkwanta in the Sekondi-Takoradi metropolis. The project, including a conference center, will be executed by BINMIC Construction Ltd within two years. At the sod-cutting ceremony on Wednesday, the Administrator, of Effia Nkwanta Regional Hospital, Mr. Michael Danso, noted the role management played in the realization of the project, saying “it’s very…

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CITY OF KIGALI KICK-OFF CONSTRUCTION OF 10 ROADS PROJECTS

Posted on by Gambeta News
CITY OF KIGALI KICK-OFF CONSTRUCTION OF 10 ROADS PROJECTS

The City of Kigali has kicked off the construction of 10 roads in different parts of the capital. The roads are part of the Kigali Infrastructure Project (KIP) to build a 215 kilometers road network and several bridges by 2024 according to Merard Mpabwanamaguru, City of Kigali’s vice-mayor in charge of urbanization and infrastructure. The construction works comprising 70 Kilometres, which kicked off on November 24, are part of Phase two of the project. The…

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RICA EXPLAIN BAN ON STEEL BARS IN RWANDA

Posted on by Gambeta News
RICA EXPLAIN BAN ON STEEL BARS IN RWANDA

Substandard steel bars which are said to have a grade of ‘upper yield strength below 500MPa (500N/mm2)’ will no longer be accepted on the Rwandan market according to Rwanda Inspectorate, Competition, and Consumer Protection Authority (RICA). The said grade means a lack of tensional force resistance per square millimetres. Operators and users have been granted six months to deplete their current stock and no new order is allowed except those done before with proof, RICA announced. The…

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DPF TO CONSTRUCT BOUTIQUE HOTEL WORTH P68MILLION IN BOTSWANA

Posted on by Gambeta News
DPF TO CONSTRUCT BOUTIQUE HOTEL WORTH P68MILLION IN BOTSWANA

The Debswana Pension Fund (DPF) is constructing a P68 million boutique hotel in Jwaneng which will be leased to Cresta Marakanelo Limited. The 50-bedroomed four-star facility will take 14 months to be completed and is scheduled to be open by the end of 2023. Speaking during the groundbreaking ceremony yesterday, Cresta Marakanelo Managing Director, Mokwena Morulane, said the development would enhance Cresta’s brand and would be a significant statement of recognition of the hotel group’s…

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CONCERN AS OVER 300,000 HOUSEHOLDS WITH ELECTRICITY IN NAMIBIA

Posted on by Gambeta News
CONCERN AS OVER 300,000 HOUSEHOLDS WITH ELECTRICITY IN NAMIBIA

Half of Namibia still has no access to electricity, with over 300 000 households, particularly in rural areas, unelectrified. This was revealed by the executive director of the mines and energy ministry, Simeon Negumbo, who said electricity provision remains a challenge as the country’s overall electrification rate is estimated to be about 50%. An estimated 70-80% of rural households do not have access to electricity while figures in urban localities are much better, as around…

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TURKISH MINING COMPANY TO OPEN US$75K CLINIC IN LIBERIA

Posted on by Gambeta News
TURKISH MINING COMPANY TO OPEN US$75K CLINIC IN LIBERIA

The Management of Turkish Mining Company, MNG Gold, says all is now set for the opening of a clinic for the people of Kokoyah Statutory District. The cost of the clinic, located in David Dean Town in Kokoyah District, is out at more than US$75,000. According to the Public Relations Officer, Matthew N. Gbanken, the County Health Team, headed by Dr. Cynthia Blapooh, recommended to MNG Gold that there should be an incinerator, a Placenta…

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TCN BLAMES DISCOs, GENCOs FOR POOR ELECTRICITY IN NIGERIA

Posted on by Gambeta News
TCN BLAMES DISCOs, GENCOs FOR POOR ELECTRICITY IN NIGERIA

The electricity Transmission Company of Nigeria, TCN, has said that the lack of capacity in the electricity Generation Companies, GENCOs, and Distribution Companies, DISCOs, is the main reason for the incessant collapses in the national grid. The country’s power grid has collapsed about seven times this year,  with the last collapse on September 26. At the backdrop of this the chairman, of the Technical and Monitoring Committee of the TCN governing board, Mr. Nsima Ekere,…

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KENYA SECURE SH120BILLION FROM KOREA FOR DIFFERENT PROJECTS

Posted on by Gambeta News
KENYA SECURE SH120BILLION FROM KOREA FOR DIFFERENT PROJECTS

The money will go to health, ICT and agriculture programmes, technical training and vocational education, the Sagana Industrial Park, affordable housing, energy, infrastructure and urban transport, Mombasa’s Dongo Kundu and Naivasha special economic zones. Speaking at Yongsan President’s Office in Seoul, when he held talks with his South Korean counterpart Yoon Suk Yeol, President Ruto appreciated the support under the economic cooperation development framework. President Ruto said the agreement will stimulate Kenya’s rapid economic development…

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